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Credit Control Executive

1.00 to 10.00 Years   Dubai, United Arab Emirates   27 Jan, 2024
Al Futtaim Group
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryAccounting
Functional AreaNot Mentioned

Job Description

Credit Control Executive | Finance Shared Service Center | Corporate ServicesOverview of the roleAs an (O2C) Senior Accountant in Group Finance Shares Service Centre (FSSC), he/she will focus on supporting the day-to-day activities of the O2C function whilst complying with organization?s policies and procedures and ensuring necessary checks and balances to mitigate risks through his team members:This position will be responsible for the following:

  • Credit Limit Review of customers.
  • Monitoring Sales Order release as per approved limits and applicable DOA.
  • Review and perform customer code creation based on the request received from business.
  • Review the request to amend the customer master data.
  • Review and perform customer accounts reconciliation.
  • Review provision working for various risks including doubtful debts as per Group Policy.
  • Review customer KYC documents
  • Review Accounts Receivables and overdue position shared with business to facilitate their follow-up and collection activities.
  • Review and manage the Accounts Receivable Insurance, Claim Submission, NNP Filing and other related activities.
  • Ensure strong control and governance to the activities involved in Order to Cash process in compliance with company policies and procedures.
  • Drive further development and enhancement of the current process
  • Ensuring daily/weekly/monthly partnering support to business operations are completed by O2C accountants
  • Ensure risks/exceptions / interface fallouts on a timely manner by performing review, reconciliation, escalations, and substantiation of O2C accounts and reports.
  • Review and comply with the department check list for month end and year end book closing.
  • Identify standardization and automation initiates and drive as a project for cost saving.
  • Ensure Support with resolution of audit requests (internal and external) within the submission timelines.
  • Review GL Schedules from the Balance Sheet Substantiation perspective as per the group initiative
  • Support management with ad-hoc reporting requirements
  • Liaise with IT Team, System, Process & Compliance Team, Divisional Controlling Team, and various Business Units to resolve issues, escalations, projects, and other initiatives
  • To play an active role in transition and integration
ÿWhat you will do
  • Timely O2C partnering support to Business in day-to-day operations
  • Review Credit Limit
  • Perform monthly / periodic reconciliation and substantiation of O2C accounts and highlight exceptions and related risks to the Business
  • Preparation and circulation of periodic O2C exception reports & dashboards to stakeholders
  • Perform assigned month end book closing tasks within O2C
  • Computation of Provision for doubtful debts in accordance with Policy
  • Identify and support process standardization and improvement initiatives to improve efficiency and quality of reporting for FSSC O2C processes
  • Any other O2C activities assigned from time to time
  • Actively participate in Transition activities
ÿ

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